Raj Nair, a top Ford executive, has been fired following misconduct allegations, the latest high-ranking leader to be shown the door amid broader scrutiny of workplace behavior in corporate America.101

A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies. GE stock has almost halved since Mr. Immelt resigned as CEO and the company is considering whether to break itself up.365

Tech titans Amazon, Microsoft and Netflix have fueled nearly half of the S&P 500’s advance this year, a worrying sign for investors expecting a strengthening economy to lift shares from other industries that typically improve with growth.

President Donald Trump, leading an emotional discussion with families touched by school gun violence, signaled support for a plan to arm teachers and coaches and also tighten background checks and mental-health screening before gun purchases.164

Saudi Arabia joined Turkey and China in a move to block a U.S.-led attempt this week to place Pakistan on an international terror-financing watch list, according to officials involved in the process, in a rare disagreement between Riyadh and the Trump administration.

Obituary

Billy Graham, counselor to presidents and the most widely heard Christian evangelist in history, preached a simplified Protestant message about sin and redemption. He did so without rancor and, in later years, without much emphasis on the prospect of hellfire.650

Management

The A-hed

Toys “R” Us Inc. plans to close another 200 stores and lay off a significant portion of its corporate staff following a disappointing holiday sales season, according to people familiar with the matter.

Two large nonprofit hospital systems—Bon Secours Health System Inc. of Marriottsville, Md., and Mercy Health, headquartered in Cincinnati, have announced plans to merge, in another example of hospitals bulking as the battle for patients grows increasingly fierce.

Financial Inclusion

In Trenton, Tenn., and similar rural communities around the country, many residents are underinsured or uninsured and struggle with medical costs, often forgoing care. This burdens local hospitals, which in turn close or scale back care, putting patients at risk.

The Trump administration has embarked on a new campaign to try to repair bilateral ties and pull Ankara out of its deepening alliances with Tehran and Moscow but Washington is struggling to find a way to address Turkey’s chief grievance.

Special counsel Robert Mueller and federal prosecutors in New York are examining as much as $16 million in loans that a bank run by a former campaign adviser to President Donald Trump made to former campaign chairman Paul Manafort, according to court filings and a person familiar with the two investigations.64

Gerard Baker on rising Treasury bond yields, Walmart’s struggles in its battle with Amazon, the latest developments in the Mueller Russia probe, working parents carving out a little personal time wherever they can and more.